Correct information to the accurate user at the correct time has been the aim of information professionals. Recent developments in information and communication technologies, especially the Internet, information and communication technology and web-based technology, have brought important variations in the ways to create, allocate, and use rights. Everyone has been using printed document sources for a long time, which are made available to us by the efficient efforts of publishers, librarians and information scientists. One of the important applications of information technology is the digitization of knowledge documents. The printed information is converted to digital form. Digitization has changed the whole scenario of information in the world. Digital resources are quick to access, save time and keep up-to-date with the current information in specific fields and related areas. As going digital is the need of the hour to keep the environment healthy and safe. Various organizations are involved in digitization their material because they remain influenced by the enduring value of such resources for learning. Digitization also raises the reputation of the institutions as global users can know the institutional collections and utilize them. Finance is important for the effective functioning of the Library. Efficient library performance is directly related to adequate funds. The financial constraints result in an ineffective library. Proper financial management leads to the preparation of a budget that management of funds in a cost-appropriate manner. In libraries, if funds are managed properly, good-quality reading materials can be acquired and quality services can be offered.